TLT5.L vs. ^TYX

Last updated Jul 22, 2026

TLT5.L (Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities) is Leveraged Bonds fund actively managed by Leverage Shares, while ^TYX (Treasury Yield 30 Years) is an index. Over the past 3 years, TLT5.L returned -47.08%/yr vs 9.50%/yr for ^TYX. At a correlation of -0.79, they often move in opposite directions.

Performance

TLT5.L vs. ^TYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) and Treasury Yield 30 Years (^TYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLT5.L achieves a -26.42% return, which is significantly lower than ^TYX's 5.99% return.

TLT5.L

• 1D: 0.00%
• 1M: -14.05%
• 6M: -19.69%
• YTD: -26.42%
• 1Y: -25.99%
• 3Y*: -47.08%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -33.99%

^TYX

• 1D: 0.23%
• 1M: 4.67%
• 6M: 4.27%
• YTD: 5.99%
• 1Y: 3.91%
• 3Y*: 9.50%
• 5Y*: 21.95%
• 10Y*: 8.39%
• ALL TIME*: -0.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TLT5.L vs. ^TYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TLT5.L Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities	-26.42%	-26.09%	-59.61%	21.31%
^TYX Treasury Yield 30 Years	5.99%	1.13%	19.08%	6.41%

Correlation

The correlation between TLT5.L and ^TYX is -0.78, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.78
Correlation (3Y) Calculated over the trailing 3-year period	-0.80
Correlation (All Time) Calculated using the full available price history since May 15, 2023	-0.79

The correlation between TLT5.L and ^TYX has been stable across timeframes, ranging from -0.80 to -0.78 - a consistent structural relationship.

Return for Risk

TLT5.L vs. ^TYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLT5.L

TLT5.L Risk / Return Rank: 5
TLT5.L Sharpe Ratio Rank: 5
TLT5.L Sortino Ratio Rank: 5
TLT5.L Omega Ratio Rank: 6
TLT5.L Calmar Ratio Rank: 5
TLT5.L Martin Ratio Rank: 5

^TYX

^TYX Risk / Return Rank: 17
^TYX Sharpe Ratio Rank: 19
^TYX Sortino Ratio Rank: 15
^TYX Omega Ratio Rank: 15
^TYX Calmar Ratio Rank: 19
^TYX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLT5.L vs. ^TYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) and Treasury Yield 30 Years (^TYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TLT5.L	^TYX	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	0.33	-0.88
Sortino ratio: Return per unit of downside risk	-0.56	0.55	-1.10
Omega ratio: Gain probability vs. loss probability	0.94	1.06	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.58	0.45	-1.03
Martin ratio: Return relative to average drawdown	-1.05	1.00	-2.05

TLT5.L vs. ^TYX - Sharpe Ratio Comparison

The current TLT5.L Sharpe Ratio is -0.55, which is lower than the ^TYX Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of TLT5.L and ^TYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TLT5.L vs. ^TYX - Drawdown Comparison

The maximum TLT5.L drawdown since its inception was -87.09%, smaller than the maximum ^TYX drawdown of -93.84%. Use the drawdown chart below to compare losses from any high point for TLT5.L and ^TYX.

Drawdown Indicators

	TLT5.L	^TYX	Difference
Max Drawdown Largest peak-to-trough decline	-87.09%	-93.84%	+6.75%
Max Drawdown (1Y) Largest decline over 1 year	-44.88%	-8.69%	-36.19%
Max Drawdown (3Y) Largest decline over 3 years	-85.74%	-22.85%	-62.89%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.86%	—
Current Drawdown Current decline from peak	-86.59%	-66.27%	-20.32%
Average Drawdown Average peak-to-trough decline	-65.53%	-56.73%	-8.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.60%	3.93%	+20.67%

Volatility

TLT5.L vs. ^TYX - Volatility Comparison

Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) has a higher volatility of 12.49% compared to Treasury Yield 30 Years (^TYX) at 3.05%. This indicates that TLT5.L's price experiences larger fluctuations and is considered to be riskier than ^TYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLT5.L	^TYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.49%	3.05%	+9.44%
Volatility (6M) Calculated over the trailing 6-month period	32.93%	8.22%	+24.71%
Volatility (1Y) Calculated over the trailing 1-year period	47.35%	11.82%	+35.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.83%	24.62%	+60.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.83%	33.36%	+51.47%

Frequently Asked Questions

Can I hold both TLT5.L and ^TYX in my portfolio?

TLT5.L and ^TYX have a correlation of -0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.